Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

VAC Investments

Thematic (Sector/Industry)

<h2>Oil Price</h2><p>Crude oil prices broke their 7-week old losing streak, ending the week up c.4% with WTI at USD 68.55/bbl and Brent at USD 75.6/bbl. The shift in market sentiment was driven largely by record US refining demand, with refiners running at c.98% utilization and crack spreads seeing counter-seasonal increases. Elsewhere, the Baker Hughes rig count was broadly flat week-on-week, with oil rigs down by 9 and natural gas rigs down by 4.</p>

Oil PriceCrude oil prices broke their 7-week old losing streak, ending the week up c.4% with WTI at USD 68.55/bbl and Brent at USD 75.6/bbl. The shift in market sentiment was driven largely by record US refining demand, with refiners running at c.98% utilization and crack spreads seeing counter-seasonal increases. Elsewhere, the Baker Hughes rig count was broadly flat week-on-week, with oil rigs down by 9 and natural gas rigs down by 4.

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<p>Energy allocations among GEM funds are close to a 4-year high.  Though <a href="https://www.smartkarma.com/entities/24141" target="_blank" data-smartkarma-citation="entities:24141:1">Lukoil PJSC (LKOD LI)</a> is comfortably the most widely held energy company, <a href="https://www.smartkarma.com/entities/175" target="_blank" data-smartkarma-citation="entities:175:1">CNOOC Ltd (883 HK)</a> has seen the most buying over the course of the year.</p>

Energy allocations among GEM funds are close to a 4-year high.  Though Lukoil PJSC (LKOD LI) is comfortably the most widely held energy company, CNOOC Ltd (883 HK) has seen the most buying over the course of the year.

CNOOC - The Darling of the Energy Resurgence

<h2>Oil Price</h2>
<p>Crude oil prices fell for the sixth straight week, with WTI ending the week at USD 68.5/bbl and Brent at USD 73/bbl. Expectations of rising global demand for crude in the medium-term and potential supply disruptions from Iranian sanctions were overshadowed by market concerns around the risks of global trade disruptions from the US and China's ongoing dispute, likely downside risks to European crude demand from Turkey's crude imports given ongoing currency weakness and increased supply…</p>

Oil Price
Crude oil prices fell for the sixth straight week, with WTI ending the week at USD 68.5/bbl and Brent at USD 73/bbl. Expectations of rising global demand for crude in the medium-term and potential supply disruptions from Iranian sanctions were overshadowed by market concerns around the risks of global trade disruptions from the US and China's ongoing dispute, likely downside risks to European crude demand from Turkey's crude imports given ongoing currency weakness and increased supply…

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of May 8th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Tencent, Bidu, CATL, Midea, Meituan, Anta.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of May 8th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Tencent, Bidu, CATL, Midea, Meituan, Anta.


HK Short Interest Weekly: Tencent, Bidu, CATL, Midea, Meituan, Anta

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Actionable Charts from Smart Karma’s Most-Searched Tickers.</p><p>We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  </p><p>See the attached report for a complete list of our recommendations from this list.</p>

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  See the attached report for a complete list of our recommendations from this list.

Hong Kong

CNOOC Limited is China's largest producer of offshore crude oil and natural gas, specializing in the exploration, development, production, and sale of these resources. The company also engages in refining, chemical operations, and offshore wind power. It was incorporated in Hong Kong in 1999 and has its operational headquarters in Beijing.

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CNOOC (883 HK)

Global E&Ps: Energy Weekly Vol. 23

Oil PriceCrude oil prices broke their 7-week old losing streak, ending the week up c.4% with WTI at USD 68.55/bbl and Brent at USD 75.6/bbl. The...

Aaditya Chintalapati, CFA

CNOOC - The Darling of the Energy Resurgence

Energy allocations among GEM funds are close to a 4-year high. Though Lukoil PJSC (LKOD LI) is comfortably the most widely held energy company,...

Steven Holden

Global E&Ps: Energy Weekly Vol. 21

Oil Price Crude oil prices fell for the sixth straight week, with WTI ending the week at USD 68.5/bbl and Brent at USD 73/bbl. Expectations of...

Aaditya Chintalapati, CFA

HK Short Interest Weekly: Tencent, Bidu, CATL, Midea, Meituan, Anta

We analyzed the latest HK SFC report for aggregate short position as of May 8th and highlight short interest changes in Tencent, Bidu, CATL, Midea,...

Ke Yan, CFA, FRM

Popular Stocks, Attractive Charts

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform...

Vermilion Research

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52-week Range

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